Monthly Archives: October 2012

In the News New home sales rose 5.7% in September to a seasonally adjusted annual rate of 389,000 units from a downwardly revised rate of 368,000 units in August. On a year-over-year basis, new home sales were up 27.1% compared … Continue reading →

In September, home prices improved in nearly all of the largest counties throughout the United States as tracked by DataQuick. According to the company’s new Property Intelligence Report (PIR), home prices grew in 40 out of 42 counties month-over-month, while prices … Continue reading →

There is continued good news about home prices from theS&P/Case-Shiller Home Price Indices today. Both the 10-City and the 20-City Composites increased 0.9 percent in August compared to the previous month. Nineteen of the 20 citiesalso increased month-over-month. The August 10-City Index number was … Continue reading →

A steady drop in distressed home sales may spell a better future for builders, Capital Economics analyst and property economist Paul Diggle says. In a US Housing Market Update released by the firm, Diggle notes that while “a substantial overhang of properties … Continue reading →

The U.S. Department of Justice sued Bank of America for over $1 billion for alleged mortgage fraud related to the sale of loans to Fannie Mae and Freddie Mac, Manhattan U.S. Attorney Preet Bharara announced in a release Wednesday. According to the … Continue reading →

Mortgage rates are hovering at historic lows largely due to implementation of the third round of quantitative easing (QE3). This program, recently orchestrated by the Federal Open Market Committee (FOMC) involves purchasing additional agency mortgage-backed securities at a pace of … Continue reading →